Four of the five largest deals were in China, in a sign of how hot that market is right now for corporate venturing activity. Nine of the top 10 deals were in an Asian company or had an Asian corporate investor in the syndicate.

The sharp uplift in corporate venturing dealmaking last quarter makes for fascinating analysis.

There was an 85% rise in the number of investments tracked by Global Corporate Venturing, with the value of those deals up a whopping 241% in size against the previous quarter. The number of exits was also up by 80.9%, and they were higher in value by 79.6%.

Perhaps the most intriguing trend is how significant Asia is becoming, especially as a focus for giant corporate venturing deals, particularly China.

Four of the five largest deals were in China, in a sign of  how hot that market is right now for corporate venturing activity. Nine of the top 10 deals were in an Asian company or had an Asian corporate investor in the syndicate.

China-based e-commerce business Alibaba, as it gears up for its landmark initial public offering, was the largest corporate venturing investor by value, backing five companies worth $2.2bn. China’s

Tencent was also notably active, being the fourth biggest corporate investor by value and third in the exits league table.

US-based search engine Google was extremely busy across its two corporate venturing units, making the most investments by number and the second highest by value.

Intel Capital also made a big splash, co-ordinating its parent’s large strategic bet on US-based Hadoop company Cloudera, in which Intel invested $740m.

Global Corporate Venturing has long anticipated that a sharp pick-up in corporate fundraising would feed through dramatically to the number and value of corporate-backed deals, and it appears this surge took off especially strongly in the second quarter.

It will be interesting to see how long corporate venturing activity is sustained at this level. The industry’s pronounced activity is drawing much comment from the wider venture capital community, and given that many groups that have launched recently are already conducting 10 deals a year it is likely that dealmaking will remain robust for the rest of the year and beyond.

Listen to Global Corporate Venturing’s webinar focusing on metrics , sponsored by technology company Relevant Equity Systems, where we discussed early rushes of this data with Relevant’s Ray Haarstick, Intel Capital’s Erik Jorgensen, and Japan-based chemicals company JNC’s Jim Caruso.

See our supplement for all the tables.